Zora Stock
FinTechLooking to sell Zora stock or options?
Zora is the developer of a unique social network and protocol that utilizes blockchain technology to facilitate the buying, selling, and trading of limited-edition non-fungible tokens (NFTs). Their platform offers secondary market value to various digital files, including photos, videos, audio, and music, and comes equipped with features such as drop alerts and notifications. Zora provides artists and businesses with user-friendly tools to easily create and sell their NFT collections without any complications.
Balaji Srinivasan, Night Ventures, Trevor McFedries, Coinbase Ventures, IDEO CoLab Ventures, Village Global, Variant (Brooklyn), Jeff Staples, Green Bay Ventures, Paradigm (Crypto Fund), Haun Ventures Management, Kindred Ventures, Alice George, WndrCo, AG Ventures.
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Zora’s stock FAQs
Zora is currently a private company. This means that the company is not listed on any public exchange and so there is no public market for its stock. However, there may still be ways to monetize Zora stock. Depending on Zora’s policies, you may be able to: (1) find a private buyer in the secondary market to purchase your stock, (2) borrow against your stock, or (3) exchange Zora stock into the Collective Exchange Fund for a limited partnership interest and then borrow non-recourse against your interest to generate immediate cash. This last alternative can be much quicker and net you more after-tax cash than your other options. An exchange into our fund also reduces your risk by diversifying your holdings out of an over-concentrated position.
Collective Liquidity can provide liquidity to shareholders of Zora stock in two ways. First, Zora employees can exchange shares into the Collective Exchange Fund and then borrow non-recourse to generate immediate cash. This can net you more after-tax cash than a stock sale. It also reduces your risk by diversifying your holdings out of an over-concentrated position. In some cases, Collective may also be able to purchase your Zora stock. Note that all transactions in Zora shares are subject to the company’s policies regarding secondary transactions. Schedule a call with a Collective Liquidity representative to learn more about your private market liquidity alternatives.
Zora stock is not listed on any public exchange and so there is no public market for its shares. Therefore, there is no single, centralized price for Zora stock. Typically, shares of private companies like Zora are set with buyers in one off negotiations. Collective Liquidity, however, uses a proprietary algorithm to determine its bids so we almost always have an immediately actionable price for you.
On May 2022, Zora is reported to have closed an equity financing in which the investors valued the company at $594M. This valuation is typically calculated by multiplying the per share price of the preferred stock sold in the financing by the number of Zora shares outstanding assuming the conversion of all stock options, warrants, etc.
Tickers are used to identify company’s shares on public markets like the NYSE or Nasdaq. Because Zora is not currently publicly traded, it does not have a ticker symbol.
Zora has not yet conducted an initial public offering (“IPO”) and so remains a private company. Though Zora is a well-known, successful company, there can be no assurance that it will ever go public or be sold. Because of the risk this imposes on Zora shareholders, many investors elect to gain liquidity for at least some of their shares before the IPO. Schedule a call with a Collective Liquidity representative to discuss your private market liquidity alternatives.
